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away from its all-time high and a taxing debate in washington. president obama once again says he's going to seek to get new revenue to help bring down the deficit and specifically, he's now calling out carried interest tax breaks again. we'll see where that goes. plus, the story that everyone is talking about this morning, the ravens holding on to beat the 49ers in the super bowl after the lights went out for 45 minutes at the superdome. we're going to try to keep the lights on. "squawk box" begins right now. ♪ if you like it then you should have put a ring on it ♪ ♪ if you like it then you should have put a ring on it ♪ >> good morning, everybody. i'm becky quick along with andrew ross sorkin. joe kernen is on vacation today so we're joined by steve liesman. we're happy to have him here. our top story this morning, the market. we have assembled a trio of wall street's most respected voices to join us for the next hour. we have a lot to talk about this morning. plus, there is that issue of the lights going out at the super dole last night. officials say an abnormality in
body was buried there. >>steve: straight head, he vowed not to raise taxes and his state is thriving. now louisiana governor jindal says he wants to share his tips with our present. brian's exclusive interview with that man interview with that man next. [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. fox our financial advice is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] [ male announcer ] life brings obstacles. usaa brings retirement advice. call or visit us online. we're ready to help. learn more with our free usaa retirement guide. call 877-242-usaa. it's not what you think. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets bra
as a baseline scenario. remember, all the times the bush tax rates were expected to expire. this is probably the best look. the most honest look we have gone from cbo in years now. i want to show you one more thing on deficit reduction. this is the three scenarios. if you increase deficits by $2 trillion, long-term, by 2023, you start to slow down if you had no deficit reduction. look at how much growth increases here. you take a short-term hit for next year, in the long term, you are adding almost two percentage points to gdp. back to you. lori: that was just about as helpful of a visual as you can get when it comes to understanding this math. melissa: that really breaks it down. what is the cost of reducing the deficit. if only we would have done that before. a great report. thank you. lori: troubling, at best. let's continue on. reversing yesterday's pullback and continuing to rally through the start of this year. will this continue? >> i am pretty optimistic going forward. i do think you will hit about 1675 on the s&p as the year end target. the housing recovery will continue. i think ov
to update my shirt. let's get hey! hey honey! hey alan. uh, hey.... i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ..es and all other major tax stores combined. live from new orleans.untdown i. the countdown is on. about 40 hours now away from kickoff. i had a chance to talk with a hall of famer steve young today. he was on the espn set. he was there in the 1994 season a life changed his life. >> how was the super bowl ring a life changing experience? it was for you. >> it is defining, right? in many ways if we would have lost that game you don't get to talk about it. the game stand alone in your whole career. >> i knew i was important because i would talk about it another 30 or 40 or 50 years. we will talk about the super bowl. it is the nature of the game. >> weather today in new orleans was warm and sunny. bit jim -- but jim harbaugh itions they would fa
years like tax reform and titlement reform. discretionary titlement reform. and debt extension for maybe two years. first, the recession needs it stabilize there. but a clear road to fiscal, banking reforms and indication that europe is serious about improving competitiveness. third, resumption of growth in emerging economies led by china. finally, the fed successfully engineering a modest increase in interest rates without unleashing run away inflation. i know, tall orders. >> this is a tall order, bob. >> but this would create a huge boost of business confidence. capital expenditures and hiring would increase and revenues would rise. finally, sue, on a day when the dow passed 14,000, it is forth while noting that the last time the dow passed 14,000, valuations were much higher with the ratio for the s&p at that time was 22. about 14 right now. what does that mean? well, historic average for the s&p 500 is 15, it means the market was way overvalued, sue, in 2007. today it is somewhat underval i'd. steve pointed this out to me. i think it a very good point. tip of the hat to you, steve.
consumers taking a hit to take home pay to higher payroll taxes which is part of the fiscal cliff resolution. courtney reagan here on the retail beat. hi, courtney. welcome back from dallas. >> january an interesting month. it is promotional. make way for full price spring merchandise. but that means many goods sold are sold at rock bottom prices that replaces it. of the 18 drugstore retailers, thompson reuters has a gain of 5.8%, year over year. far surpassing expectations of 3.5%, thanks for a demand of winter apparel. the biggest perform group by far with comps up 11.4%. discount retailers turning in the lowest comps for the month. jc penney increasing by 11.7%. sales are driven by quote fresh fashion which would suggest nonclearance sales. but the retailer up guidance, only slightly. for specialty, 8% increase in comes doubles expectations and limiting more than double on wall street chain sales. despite the big comps, limited says it's comfortable with earnings consensus and gap remains just slightly ahead of wall street estimates. disappointing, shares are selling off. >> gap has had a
. melissa: james, last word. 21 billion went on tax incentives for energy efficiency for renewable energy projects. i mean, maybe a great thing, but should potholes have come first maybe? i mean, maybe -- >> yeah, you know, it's a shame government doesn't work because this is actually the right, general structure for tax. ideally, it's a gas tax that pays for roads. so the user is paying. and, unfortunately, it doesn't go to roads. melissa: it doesn't work, right. that's the essential problem with government. it doesn't work. all right, guys, thanks. appreciate your time. >>> time now for today's fuel gauge report. a huge winter storm is barreling down towards the northeast. have you heard about this? didn't stop natural gas futures from nose diving today. natural gas stockpiles fell far less than anticipated last week, and lower oil refinery demand, crude hit a two-week low settling at $98.83 a barrel, and opec's production fell compared to december. output shed by 200,000 barrels to 30.45 million a day. lower production by saudi arabia -- we'll place the blame there. >>> all right, so i
. ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. music: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ it's so important to make meone happy.♪ ♪make just one someone happy ♪and you will be happy too. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur >> we're hoping your saturday is off to a great start. before you make your breakfast, listen to this. ingredients and food we just love are banned in other countries because of how dangerous they are for our bodies. >> yeah. so what are we going to do about this. ask the authors of rich food, poor food dr. jason and certified mirra. >> good morning. the first thing you talk about is counterfeit colors. because there is artificial color in just about everything. >> absolutely. five of them that a
in their paychecks because of this payroll tax. >> that is a real concern, right? so americans are continuing to feel the pain of the economic recovery being very slow. the bottom line is the bureau of economic analysis said the shrinking economy is a cause by a reduction in government spending. so the president is drying to say look we have to get stimulus into the economy. we need to get everyone back to work. that is caused by more spending not less spending. >> the democrats have proposed you cannot spend your way into prosperity. nor you can't tax people into prosperity. what you need to do is let the free markets take control. and basically in washington, d.c., we have bigger government. the president appointed 32 czars. what are those czars doing? >> czars is just a shortening of their actual title which is normally long in the federal government. i think that bureau of economic analysis saying that the cause of the shrink damage is due to the reduction in spending that's something we need to look at. >> we have reduced spending. >> talking about they are happy to hear the president talking ab
? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> it hasn't sunk in yet. crazy. unbelievable. tough to put into words because it just really hasn't sunk in yet. i don't even think it's sunk in that we're here, let alone won the thing, so pretty cool. >> the way that game played out when it was 28-6 and the lights went out and whatever happened, i just knew with jim harbaugh being on the other sideline and all those years that we've been together, that that game was going to be a dogfight right to the end. that those guys were coming back. >> i just try to let my teammates at this moment know what we feel like. and last night when i had the conversation with them, you know, that just came directly from my heart to tell them what this feeling would feel like and what god has showed me and for us
into foreclosed houses and take possession of them if they hang on for seven years and pay the taxes. right now, because of it, officials are trying to get that law off the books. >> we don't need people who move in houses, who are con people. it's just a cop game. no one needs this in their neighborhood. we don't need it in the state of florida. >> so while loki boy is gone, he's left a string of copycats in the wake, and 11 in the past two weeks have filed these adverse possession rules to try to get in on some major properties. one of the houses bigger than the one behind me, a $4 million ocean front mansion now occupied by squatters who say they have a legal right to be there. melissa? melissa: steve, wow, quite a story m thanks so much. now turning to today's market moment. the blizzard slamming the northeast led to a quiet day on the wall street. dow briefly crossed the 14,000 mark, all three majors posted modest gains. the dow, however, snapped a five-week winning streak. meanwhile, nasdaq and s&p 500 had sixth straight weekly gains. next on "money," the roof is blown off in a legal arms
years running. visit texas. wide open for business.com and see why our low taxes, sensible regulations and fair legal system are just the thing to get your business moving to texas. >>gretchen: that's smart. that's really, really smart marketing. first of all, a lot of companies have moved to texas. no state income tax, among other things. although the governor of california, jerry brown, tried to blow it off. not that big of a deal. watch this. >> $26,000 and the smallest entry into the media market of california. should i liken it to when you sand in the ocean? no. it's a big nothing. >>steve: when he was walking off apparently, he said this -- quote -- "it's not a serious story, guys. it's not a burp. it's barely a -- and then he used a word we don't use in our house." >>gretchen: come on. that's on my kids' star sheet every day. if you don't fart, you get a star. >>brian: parents have a responsibility on making the diet a -- >>gretchen: no. >>brian: if i was governor brown, i would use that as leverage to get taxes down, to pressure lawmakers to say look what texas is doing. busine
the effects of obamacare including the medical device tax that is cutting r&d and causing layoffs across the country in the most innovative firms, the fact that so many people who were intending to no longer going into medicine, thank you, brain drain, a consequence of obamacare, and doctor who were individual practicers are either bailing and retiring all together or going into concierge care. have you heard that term? do you know the people that are shutting down their practices, dropping insurance all together where now only the wealthiest can pay for care. congratulations obamacare. heck of a job. >> stephanie: so we tried to impact that little rice ball of nonsense yesterday. and i got a letter i sent to you. dede rights malkin is right. hey, steph the hospitals systems have brought up the big doctor practices. smaller doctors were not brought into their systems. medicare pays three times the amount that they pay a single doctor. i'm related to a physician. there is going to be a shortage of doctors. i'm very concerned -- blah blah blah. what are your thoughts on
for about eight months now. but it to best way to a budget -- a balanced budget would be reinstating the tax on wall street transactions. there are quadrillions of dollars in turnover and a 1% tax would generate trillions of dollars in revenue. host: talk about your retirement strategy a little bit. host: there is not -- caller: there is none. that is the point. average people are in the same kind of predicament, not knowing what -- what do they call it? they want to have stability and predictability. where is it? host: when it comes to yourself, have you put anything away? caller: ipad, but it is all gone now. i would like to see a national infrastructure project. we could put people to work. host: steve from twitter -- host: next we're going to charlie. mississippi, independent line. caller: good morning. i am from jackson, where the capital is. i retired in 2009. it is a good thing. i was a civil servant. now in the state house there is legislation where some young republicans want to phase out our state retirement program for civil servants. house bill 486 allows people to just elect, if
on the air is they view the president's health care law as a form of a tax increase as the supreme court in a sense said it was. they think they got taken to the cleaners by the president. the progressives don't think that. most conservatives think they got taken to the cleaner by the president on the debt ceiling thing where tax -- income taxes raised on individuals over $400,000. they're not going to be in any kind of mood to accept any kind of, quote, revenue raisers, unquote. right now, or any time soon. i think what's going to be happening is you have a series of three different trip wires. you have the su quester. you have the end of the later budget and then the debt ceiling this summer. happening over and over and over again. when there will be if ever a grand bargain, i frankly don't know and i wouldn't bet on it given the mood in washington right now. >> and meanwhile, we should point out, projections of the we have sit for 2013 under a trillion dollars down to 845 so maybe -- >> that's another point. >> sometimes -- >> exactly. >> the other thing is immigration. obviously, you
a tax? stu varney with what's wrong behind that record-breaking tax hike? he joins us live in studio e. e. good morning, stu. years ago, my doctor told me to take a centrum silver multivitamin every day. i told him, sure. can't hurt, right? then i heard this news about a multivitamin study looking at long-term health benefits for men over 50. the one they used in that study... centrum silver. that's what i take. my doctor! he knows his stuff. [ male announcer ] centrum. the most recommended. most preferred. most studied. centrum, always your most complete. because the portions were much larger. and i just felt like i needed to eat it all because it was so yummy. weight watchers online worked for me because it lets me live my life. i can still go out with my friends. i can still enjoy my favorite foods and drinks. it's just a smarter way of eating. i lost 40 lbs. wow it's amazing. my most favorite part of my new body is my bottom. [ laughs ] [ hudson ] weight watchers online. the power of weight watchers completely online. join for free today. >> you remember when president obama said t
hey! hey honey! hey alan. uh, hey.... i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ..es and all other major tax stores combined. salon genius. brilliantly priced. have something new to say. ahh ! mmm ! ahh ! mmm ! ahh ! mmm ! because finally, there's cepacol sensations. the serious medicine for sore throats, with a seriously great taste. plus, the medicine lasts long after the lozenge is gone. ahh ! but don't take our word for it. ahh ! word of mouth is always better. ahh ! mmm ! mmm ! try cepacol sensations. serious medicine. seriously great taste. ♪ ♪ i'm going to wash that man right out of my hair ♪ ♪ i'm going to wash that man right out of my hair ♪ >> if your place is like ours right here, there are anti-bacterial wipes and sanitizers everywhere. >> but some workplaces are better than others. and some hand sanitizers are better
out, look, a lot of their improvement had to do with a much lower tax rate related to some of these charges. while there are positive signs in the business that in evestor do like, there's a lot of impact. different story at ubs. interesting to see people try and suck out what this company is reporting when it comes to this quarter. the market reaction was positive than negative. we're looking now down about 0.76% weighing on the swiss market. we had carolin roth since dow with the ceo of armani. if you want to talk about the commonalities between these two kms, it's the number of legal and restructuring issues occurring. ubs is trying to transfer from its investment banking to more of a wealth management model. margins in that business were weaker, weighing somewhat on investor prospects. but when it came to libor in particular, here is how the ceo responded to how they see their ability to put that issue behind them in 2013. >> i think that we made very good progress on addressing many of those issues during 2012. you are always going to have problems, but i think many of
and pumped billions of tax dollars into solar energy. today the future looks dim as investments in green energy are beginning to dry up. >>steve: as the subsidies dry up, so does the business. because? >> there's tons of jobs and the entire industry is relying upon these billions of dollars, and we know where those billions have gotten up. according to my research, .1% of the grid comes from solar power. you think about the money that's gone in, billions, and the output. almost nothing; right? now wall street -- this is a big business issue, and what everybody is talking about is what's going to happen with the shraor industry? -- going to happen with the solar industry? what is going to happen with those jobs he said would be created and clearly the country needs jobs. >>gretchen: if we look at subsidized solar companies. unfortunately, there are a lot of them. >> this is not a good track record here. we know what the checkered past has been for president obama and his statements about the solar industry and what the subsidies are providing. the one thing i want to make mention, subsidi
for the month, despite all those worries about the payroll tax. who won? who lost in the cramer knows. >>> former treasury secretary bob ruben in a rare interview on squawk this morning has words about too big to fail, the sequester and how he missed the crisis at citi. >>> is it time to say good-bye to the u.s. airways brands? a deal looks close for amr's american to take it over, become the number one brand. does consolidation mean airlines just got more attractive. >>> we start off with the retailers, january report card, macy's posting an 11.7% jump in same-store saturday and raising guidance. stellar results from some of the retailers. >> such a mixed picture. some guys -- kohl's, people decided their clearance is moving the stock up nicely. gap strong happens moved. consistently great job. people talking about urban outfitters doing a great job, doesn't seem like the stocks right now are moving the way you would think they would. i don't know how many people are counting on this particular month -- >> a short month, bleedover from the holidays. the rate of beats, 59% is the stro
in the future. to pay tax increases are come more debt issue to pay for these compts that. is not why these kids can't get jobs today. the economy is terrible. it shrank. it is it growing the normal four or five percent and many of the graduates would have jobbings. >> and rich, the fact is, we are subsidizing. we are subsidizing the college degrees that often don't amount to good jobs. >> yeah, it is it unfortunate. we reached the point where technology changed the whole game in a way we are beginning to realize. on line universities and couple of them started by two stanford professors and world class education for free or near free . what are employers looking for? intelligence and drive and discipline . it used to be a college degree stood for those things and now they have faster and better ways to determine whether they want to hire someone. >> john, billions of dollars in government stub sidies for llege education are worthless? >> they are worthless and i a not going to defend them but what botherings me is it a notionful a job that requires a college degree. i don't care if you want to
a universal registry. >> and obama care wasn't a tax until they needed it to be a tax, was it? >> it was the supreme court that said that. >> let's get to our panel now. mark glaze is the director of mayors against illegal guns which is responsible for that super bowl ad. and michael eric dyson is a professor at georgetown university and an msnbc political analyst. thank you both for joining us. mark, it's almost two months since that horrific shooting at sandy hook elementary school. and it seems as though we started the conversation by considering every gun safety initiative from assault weapons bans to restricting gun capacity -- the capacity of gun magazines, yet now the nra says even background checks are worthless, so is that it? is that the end of the discussion? >> well, i don't think the nra marks the end of the discussion. i think it marks the beginning of the discussion. you know, you have this unusual period of time where the public is really focused on this, including the president, 850 mayors and police officers which you saw today in minneapolis, and there is ma
is turning to for advice on everything from the deficit to taxes to the broader economy. >>> then, after we talk to them, they're going to paint a picture for us, we're going to turn to two powerful investors for insight into what the conversation in washington means for the broader markets. cowen and company ceo jeff solomon will join us, and the bond king, bill gross. first, steve will bring us up to speed on the morning's top stories. steve? >> thank you, michelle. disney posting better than expected earnings and revenues after the bell. the company says it expects the next few quarters to be better on a stronger lineup of films and growing attendance at its theme parks. ceo bob iegory was on cnbc's "closing bell." >> you had a lot of ins and outs. basically, the trendser good. we had strong results at our domestic parks. the bookings have been pretty solid. advertising was okay. and generally speaking, our business performed well. and our interactive media group was profitable for the quarter. that's the first time the group has been profitable since we've been breaking it out. >> share
. get a little pullback and ought to buy that. looking at the biggest tax hike we've seen since 1937 and gasoline prices at the highest level this time of year ever. we've got a lot of issues and everybody on this program keeps saying that spain is getting better. it is not getting better. every -- every metric you can look at in spain is getting worse, whether it's unemployment, whether it's retail sales, whether it's gdp, so this year we're going to see disruptions and a lot of volatility. i am bullish, but market is way too complacent, and we could see bigger air pockets than we're expecting. >> i couldn't agree more with that. i think the headline risk is going to come back into the market, and that is what's going -- that's the biggest danger to this rally which is definitely tone. >> so what do you think -- >> maria, the other thing, you could -- and the other thing missing is growth. can you talk about apple transitioning from a growth story to a value story, and that's all fine and good. most of the arguments for stocks right now are about valuations, book values, dividends,
to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. i'm here to pick up some cacti. it should be under stephens. the verizon share everything plan for small business. get a shareable pool of data... got enough joshua trees? ... on up to 25 devices. so you can spend less time... yea, the golden barrels... managing wireless costs and technology and more time driving your business potential
linda has a comment on the end of the payroll. this is not an increase in taxes. people and employers have had a 2% break-in social security taxes for the last two years. this at a time when social security fund could not afford it. a financial gift to the already employed at the expense of social security. technically right, but in your bed you hated it. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. and you know what, two years in the making almost. the man behind the disasters solyndra alone is stepping down. energy secretary steven chu offering his resignation today. he was highly criticized for its handling of the $528 million loan to the solar panel maker, which later went bankrupt. despite the blunder he is leaving with obama's support and his pride intact. he said, came with streams and leaving with a set of accomplishments that we should all be proud of. not all of his dreams came true. back in 2008 he famously said we as a nation needed to boost gas prices to levels -- levels seen in europe. although he eventually walked back those comments,
is expected to begin a yearlong campaign to raise the city's sales tax. he will deliver his state of the city address and his address will focus on crime and the economy. he will most likely ask voters to pass a tax hike next year which is the latest will it show up on the ballot. it will pay for city services and also they will be able to higher more civil servant employees. >>> this is a live picture of president barack obama and ms. obama. there is about 3,000 people expected at the 61st annual prayer breakfast. vice-president joseph biden is there as well and after this breakfast, vice-president joseph biden will be joining house democrats in their annual retreat. yesterday, he was with senate democrats at their retreat. >>> john brennan head of cia faces a questioning today. he worked for the cia for 25 years and senators want to question brennan about several cia activities from water boarding to the use of armed drone strikes on suspected terrorists. >>> in the meantime they are broadcasting this video saying it is extracted from a spy drone captured in 2011. coming up what iran says t
the government to keep borrowing money at least through may 19th. the measure postpones spending and tax cuts for at tleeft two months. the obama administration's decision on the keystone oil pipeline won't be made until at least june. that's according to a u.s. officials. the projects has been pending for more than 4 1/2 years. of course, we've had lots of debate about the pipeline even here around this table. >> let's check on the markets this morning. the futures are probably going to be what steady as we go. we'll see what happens at 8:30. but not bad so far. that would be getting back almost exactly what we lost yesterday. we lost about 49 points. and there's a lot of -- it was a great january, but then got that gdp number. we're warning, does it necessarily mean that the market has been wrong about the economy? or was it the one off and was it, you know, some special factors that caused that shrinkage and does it get revised back up and subsequent reports? i've heard a lot of places. this is the best negative gdp report. >> well, if you're going to have to pick a negative one, this woul
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and middle east peace. lapid made himself the champion of the middle class, campaigning for lower taxes and against the military exexemption for ultra orthodox jews. for many people i would listen to political messages and think they didn't understand me or my needs, and then he came along. but not everyone is convinced. "the new york times" quoted israeli historian tom zageb as saying voters who chose lapid voted for nothing but a tv image. lapid has gone from political newcomer to potential kingmaker in less than a year. how will he use his power? will he remain a working class hero, claim a mand teet revive peace talks or start building the kind of political resume that could knock off netanyahu himself the next time around. no matter what lapid does, he's already changed the face of political campaigns in israel because he ended up using grassroots support, voter outreach and internet campaign and he turned it into a potentially winning formula. mark mehlman was lapid's personal pollster. many of you know mark from his work for john kerry and a lot of other democratic campaigns on t
" has an article today about how the rise in payroll taxes in particular hitting those on lower incomes. one of your rivals, one of your colleagues, if you like, over at citi, he's actually suggesting that the same-store sales could be challenging moving forward. he's highlighting that he thinks burger king, for example, could be running 200, 300 basis points below the estimate in december flat sales. how bad could it get here? how dangerous is this sector? because of what is happening to low-income americans? >> it's a really good question. obviously this is just unfolding. but we have picked up, you know, very choppy and negative data in the latter part of january as consumers were trying to figure out kind of what was left in their pockets, or their bank account at the end of the month, and the end of the pay cycle. i think we did see a step down, and we've picked that up from operators, industry data. that's really the first impact, obviously, that we saw this year. there's also some changes in e-filing and some weather clearly, as you guys are looking at realtime, that always has a
shooting of his own. >> the irs announces a delay on certain tax returns this what that means for your return. >> virgin america announces a new route. daily flights from san jose to los angeles. details after the break. [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on for two whole years. from at&t. call to get u-verse tv starting at just $19 a month with our triple-play bundle. get the same great price for two years. plus now two times the internet speed than before. [ female announcer ] switch today and get a total home dvr included for life. [ male announcer ] you get reliable high-speed internet on our advanced digital network. choose from speeds up to 24 megs. [ female announcer ] and with u-verse tv, you can record four shows at once on your total home dvr and play them back in any room. [ male announcer ] so call now. u-verse tv starts at $19 a month with ou
been closed. $1.6 million in tax. we have been the envy of the world as to our justice system. as the world becomes smaller and as multinational corporations decide where they will invest their money, they have historically invested it in the united states because we have had a court system that has been the envy of the world, but they won't continue to do that if they cannot get justice in america. there is an economic reason as well as a moral reason to make sure that our courts are open. we have a crisis in our federal system. 92 vacancies exist today in the federal court system. 15% of our federal court is vacant. we have 26 districts under federal emergencies, judicial emergencies. we have 18 judges come out with no opposition on either side, and it wasn't a political issue. could not get one of them through congress. you know, when i talk to the graduating students, i just went through that season and had a chance to talk to many, many graduating law students, and i talked about those four words come and i said, you have read millions of board to get to today. you only h
criticizes california's income and sales tax and touts the fact that texas has no personal state income tax. >>> in just about 40 minutes the day two of the at&t classic. there are many familiar faces, a former secretary of state, she started playing golf just five-years ago when she was midway through her ten europe as secretary of state. she is one of ten women in the field and one of her drives hit a person watching. >> i said i know how to do diplomacy, not sure about the golf course. >> think she will be happier playing golf than the job she had. to much pressure, got to relax playing golf. i don't think you can being the secretary of state. >> they shared the lead after round one. russell knox is at six under par, phil mickelson opened with a 69 at monterey peninsula. >> so beautiful out there. >> right there. yep. >> our weather, scattered showers this morning, look out the window. that's a beautiful sky. we like that. steve paulson is coming back. he has the weekend forecast. >> also it's a story you will only see here. fines for people who break the rules on spare the air da
generations. >>reporter: napa valley unified school district promised to keep taxes low when it built this new high school in american canyon. >> our promise to the voters of napa was to keep the tax bill at or below 39 or 36 and we were able to accomplish that. >>reporter: but there wasn't enough monto finish the project so the district resorted to capitol appreciation bonds or cabs. traditional school bond require borrowers to start making payments within 6 months. taxpayers usually pay 2 to three times the original amount borrowed. tab allow the payments to be stretched out over a longer period. sometimes decade. but there is a price. at least one district cost 23 times more than first borrowed. california watch investigation found the state had some of the loosest rules governing cap appreciation bond anywhere in the nation. found 3-21 school district used cab to finance project. combined those districts have borrowed more than 5 and a half billion dollars. costing taxpayers nearly 22 billion. >> in southern california the unified school district here used 53 million dol
're probably going to be able to withstand this tax hike on the payroll side better than we thought. and people should start revising their numbers higher. >> in the last few days we wouldn't know whether we would reverse this winning streak or not. does this set us up for 1515, 1530, what? think it does. i think the only problem, carl, a start as quickly as we have so far this year, everybody's looking for that catalyst to pull back. we didn't get it today. as we head into next week, we sort of fall into that post-earnings quiet period. there's not a lot of economic data. so unfortunately our next focus will be down the road a little bit to washington, d.c. they could start the whole theater of, could we get something resolved on the sequestration and move forward there. yeah, i think this is great news. i certainly think the estimates for the u.s. economy will start probably working higher with the four months in a row of an average of creating 200,000 jobs. you know, the only problem here is that, for all those folks that sold out of equities at the end of last year because they were afraid
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